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Focuses on the conflict between U.S. President George Bush administration and the Congress regarding the defense budget. Recommendation of the Bush administration to reduce the nation's military budget over five years; Proposal of Representative Les Aspin, chairman of the House Armed Services Committee regarding reduction in the military budget; Criticism of Aspin's threat-based analysis; Information on General Colin Powell's National Military Strategy report.

Discusses President George Bush's indifference towards Senator Daniel Patrick Moynihan's proposal for reducing the Social Security taxes. Indications that Bush was not willing to talk about Moynihan's proposal in public; Indications that Bush's nonchalance attitude towards Moynihan's scheme was deceiving; Budget director Richard Darman and White House chief of staff John Sununu's opposition against Moynihan's proposal; Heritage Foundation's issuance of a paper endorsing the Moynihan proposal.

Focuses on attitude of Senator Jack Kemp regarding anti-poverty issue and criticism against the budget negotiations in the United States. Warning issued by Kemp against any tax increase; Opinion that Kemp has little influence on economic policy despite of being secretary of housing and urban development; Response of U.S. President George Bush regarding views of Kemp; Policy making ability of Kemp; Commitment to a conservative war on poverty; Implementation of the anti-poverty agenda; Strategy of Kemp for raising the anti-poverty issue through an option paper on poverty sent by the Domestic Policy Council to Bush.

Discusses the impact of U.S. President George Bush's nomination for office on daily business section market. Reaction of business section towards the no new taxes; Information on the causes for the punishing sell-off; Effect of the no new taxes on foreigners; Report that if the dollar is set to lose 20 percent of its value, and that billions more in U.S. government paper would soon flood the markets to pay for the deficit, selling existing holdings now is the best way to cut losses; Statement that without new taxes the budget deficit would not go away.

Presents letters to the editors concerning politics and socioeconomics in the U.S. Support for replacing the paper dollar with a coin for silver mining interests; Failure of the Susan B. Anthony dollar; Need for national referendum on the dollar coin; Need for appropriate laws to prevent child abuse; Similarities and differences between post-modernism and pragmatism; Texas Governor Ann Richards comments on President George Bush; Emphasis of the American culture on youth.